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Kohl's stock plummets 20% after massive earnings miss
  + stars: | 2024-05-30 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
Shoppers walk in front of a Kohl's store in Mount Kisco, New York. Kohl's shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight profit. Net sales decreased 5.3% to $3.18 billion compared with the year prior, with comparable sales down 4.4%. Kohl's expects full-year diluted earnings per share in the range of $1.25 to $1.85 — far lower than the $2.34 per share expected, according to LSEG. Kohl's announced in March that it would add similar in-store outposts of Babies R Us to about 200 locations.
Persons: Kohl's, LSEG, Tom Kingsbury, Kingsbury Organizations: LSEG, Wall Street Locations: Mount Kisco , New York
Biden did not want to feed Trump’s feverish charge that he was the cause of the former president’s myriad legal problems. But Biden and his campaign has mostly gone for the capillary, not the jugular. (It’s also a little bewildering why Team Biden, struggling with younger voters, cast De Niro as its point man here. Navigating Trump’s legal thicket has been a challenge for Biden from the start. Predictably, the Trump campaign jumped all over Tuesday’s events, accusing the Biden campaign of desperation and jury tampering.
Persons: David Axelrod, , Barack Obama, Obama, Robert De Niro, Joe Biden, Donald, Biden, Trump, “ I’ve, Niro, De, De Niro, he’s, it’s, Fingers, De Niro’s, It’s, Gen, Donald Trump Jr, Jr Organizations: CNN, White, Union, Trump, Twitter, Facebook, Biden Locations: Manhattan, De Niro
Opinion | The Real Danger if Trump Is Reelected
  + stars: | 2024-05-21 | by ( Jacob Heilbrunn | ) www.nytimes.com   time to read: +2 min
Donald Trump may be regularly depicted as an impetuous toddler in chief, but he appears to possess genuine convictions about international relations. This impulse is not a new phenomenon for the United States; it dates back to World War I and World War II, when leading American conservatives praised foreign autocrats such as Kaiser Wilhelm II, Adolf Hitler, Benito Mussolini and Francisco Franco as their ideological comrades in arms. During his four years in office, Mr. Trump blustered about alliances and praised foreign dictators but never actually upended America’s foreign policy. That could change in a second Trump administration. It would convert America from a dominant economic and military power into what Mr. Trump purports to abhor — a global loser.
Persons: Donald Trump, Mikhail Gorbachev, Trump, Kaiser Wilhelm II, Adolf Hitler, Benito Mussolini, Francisco Franco, Trump’s Organizations: Playboy, Communist, America, NATO Locations: Soviet, United States
Hall's fridge is a trove of fun finds, from condiments we know and love to fancy European butter and an ample supply of eggs. AdvertisementA peek inside Carla Hall's fridge. Carla HallSundae fixingsCarla Hall's fridge had a few ice-cream flavors. "The one thing that I get when it's on sale is any kind of European-style butter," Hall said. AdvertisementMystery leftoversIf you're curious about the container with reddish contents in the center of Hall's fridge, join the club.
Persons: , Carla Hall, Hall's, Carla Hall Sundae, Carla Hall's, Tyler Le, Ben, She's, Grey Poupon, Heinz, Grey Poupon Dijon, Amaro, amaro, unsalted Organizations: Service, Business, QVC, Walmart, Safeway, Costco Locations: gander, Washington ,, Jeni's, Tillamook, Southern
There are more than 800 species of ticks found around the world, and 84 that have been documented in the United States. The most common ones are blacklegged ticks (also known as deer ticks, but they feed on lots of animals besides deer), lone star ticks, American dog ticks and brown dog ticks. However, only female ticks drink to the point that they become engorged. Preventing tick bitesThe diseases carried by ticks can be debilitating or even life-threatening, and the risk of infection increases the longer a tick has been on you. Yes, they can be a public health concern, but we don’t want you to let ticks keep you indoors,” she said.
Persons: , Kait Chapman, Thomas Mather, ” Chapman, Lyme, they’ll, , Mather, Chapman, permethrin, Kate Golembiewski Organizations: CNN, University of Nebraska, University of Rhode, Vector, Environmental Protection Agency Locations: United States, Lincoln, University of Rhode Island, Lyme, Cedars, Chicago
Walmart's chief people officer, Donna Morris, commented similarly in a memo announcing the layoffs and relocations earlier that week. She wrote that working in an office would help workers collaborate, innovate, and "move even faster." Still, some employees continued working remotely, and several satellite offices remained open in cities like Atlanta, Dallas, Toronto, and Seattle. He also said he doesn't think the company is using this RTO mandate as a cover for achieving cost savings through workforce reductions, commonly referred to as "quiet firing," but that it's more part of Walmart's ethos. For the remote worker BI spoke with, the next few weeks will be filled with uncertainty.
Persons: , it's, Sam Walton, Nelson Lichtenstein, Doug McMillon, Donna Morris, Morris, Suresh Kumar, Walmart's, Kumar, Kelli Oakes, she'd, I'm, Oakes, Lichtenstein, there's, Gartner Organizations: Service, Walmart, Business, University of California, Executives, BI, Home, LinkedIn, Walmart Global Tech, Sam's Club, UC Locations: Arkansas, Bentonville , Arkansas, New York, San Francisco, Santa Barbara, Bentonville, Atlanta, Dallas, Toronto, Seattle, Bay, Hoboken , New Jersey, South Carolina, Northwest Arkansas
Almost 80% of current freight orders received for peak season are for mid-range price items, the survey shows. Similar to last year, respondents expect less consumer appetite for luxury and aspirational luxury items imported. The world's second-largest ocean freight company, Maersk, recently told CNBC it expected a "normal" peak season. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Charles Van der Steene, president of Maersk North America, in a recent interview with CNBC. "We believe in normalized peak season.
Persons: Eric Thayer, Robinson, Kuehne, Nagel, Noah Hoffman, Hoffman, hypersensitive, Charles Van der Steene, We've, John David Rainey, Rainey, Larry, Jon Gold, Nate Herman, Biden Organizations: US, Bureau, Bloomberg, Getty, CNBC, Chain Survey, National Retail Federation, American Apparel and Footwear Association, United National Consumer Suppliers, ITS Logistics, DHL, Uber Technologies, C.H, Maersk, Walmart, Uber, International Longshoremen's Association, ILA, United States Maritime Alliance, Brands Locations: of Los Angeles, Los Angeles , California, U.S, Panama, Maersk North America, East Coast, Gulf, East, North America, West, Coast
Read previewJessica Gunning, the actor who plays Martha Scott in "Baby Reindeer," said she "avoid" knowing about the real woman her character was based on. Since it was released in April, "Baby Reindeer" has blown up, and has been watched over 60 million times, according to Netflix. The buzz grew as audiences tried to find the real woman who Scott was based on. Like Richard said when he posted that message on social media, that's not the point of our show." AdvertisementTrue crime shows like "Baby Reindeer" blur the line between entertainment and reality, something that Gunning understands.
Persons: , Jessica Gunning, Martha Scott, Richard Gadd, Scott, Fiona Harvey, Piers Morgan, Gadd, Gunning, Harvey, I've, I'm, Richard, that's, Sean Foley, That's Organizations: Service, Business, Netflix, Hollywood
Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans. 'The house is burning down'When Sethi asked Kevin and Michelle why they needed help despite their high income, Kevin said impulse buys like drinks at 7-Eleven have really added up. The couple owes $73,000 in credit card debt and $99,000 on two auto loans for luxury cars. "That's a total distraction from what's really going on here, which is the house is burning down." At the time of the podcast's recording, the couple's fixed costs came out to about 73% of their monthly income.
Persons: Ramit Sethi, Rich, Kevin, Michelle, Sethi
I help my clients get rid of things they don't need or use anymore. AdvertisementAs a professional declutterer, I work with clients, helping them get rid of things they don't want, need, or have too many of. Pull them all out, see what's useful and what isn't, and ditch the things you're unlikely to use. If you're convinced you need them all, try this: put half in a box and hide it away for a few months. Happily, you can fill them with all the other stuff you're getting rid of.
Persons: , you've Organizations: Service, IBM
Every year, tens of thousands of investors flock to Omaha — and many more tune in around the world – to watch Berkshire Hathaway chairman Warren Buffett field questions from shareholders at his company's annual meeting. But without getting into the nitty-gritty, here's two key pieces of advice Buffett shared on Saturday — one about money, and one about life. The description of the process he and longtime partner Charlie Munger employed offers tremendous insight to his investment philosophy. The point for investors: Buffett doesn't buy any investment based on vibes or impulse. "Charlie and I missed a lot of things … we never worried about missing something that we didn't understand," Buffett said.
Persons: Warren Buffett, Buffett, Charlie Munger, Charlie, didn't, you've Organizations: Omaha —, Berkshire Hathaway, Apple Locations: Omaha
She got a PhD in psychology and worked as a therapist helping other sociopaths. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAll her life, Dr. Patric Gagne had the symptoms of sociopathic personality disorder, but few answers. "Despite the numerous advancements in mental health awareness and treatment options, sociopathy still seemed to be getting ignored," Gagne said in her book. AdvertisementOnce she was licensed, she said she "earned a low-key reputation as 'the sociopath therapist,'" and took on similar patients that her cohorts felt unable to help.
Persons: Patric Gagne, , sociopathy, Gagne, malevolence, acclimated Organizations: Service
Maddy Lane, a Gen Z TikToker, shared what it's like in a recent video, showing the detritus of her latest haul all over her bed. A survey of 1,000 people from January by the digital analytics platform Quantum Metric found that 64% of Gen Z respondents were buying more than they did last year. Contradictory to Gen Z beliefsCheap clothing hauls do not sit well with the much-discussed Gen Z passion for environmentalism. AdvertisementGaby Mendes, a Zoomer and founder of Talk Twenties, a media and events company for Gen Z, told BI she tries to avoid fast fashion but has her lapses. Gen Z was dubbed the "Depop generation" by Vogue Business, and makes up 90% of the app's user base.
Persons: , Maddy Lane, Lane, Zers, ThredUp, Gen, TikTok, pang, Melanie Parncutt, Parncutt, Gaby Mendes, Gen Z, JADE GAO, Siena Barry, Taylor, There's Organizations: Service, Business, Bryant University, Otter Public Relations, Vogue Business, Barry Locations: cardigan
My weekend column used this season of campus protest as an opportunity to discuss the evolution of Columbia’s core curriculum, whose readings on contemporary politics, I argued, usefully distill the core of contemporary progressivism while leaving a great deal else by the wayside. I included some examples of ideas and writers that the present Columbia syllabus leaves out, but I wanted to give a little more attention to the question of what a supplement to the progressive approach would look like. If you were trying to bring a great-books program all the way up to the present and you wanted to widen the ideological aperture beyond Columbia’s progressive focus, what would you have your students read? One answer is that the very idea of being up-to-date is a mistake because readings oriented explicitly to the present are everywhere in education and the point of a core curriculum is to stand a little bit apart, to connect you to the riches of the past — riches that have been sifted in a way that just isn’t possible with the publications and arguments of the past few generations. I have some sympathy with this idea: If I were designing a core humanities program for high school students (not that I’ve ever thought about this or anything), my strong impulse would be to just hit “stop” at World War II or 1965 and decline to make any judgment on what will be remembered as the great books of the recent past and present.
Persons: Locations: Columbia
Retail dollars flowed out of bitcoin ETFs in April, and investors should adopt a cautious stance on the cryptocurrency for now, according to JPMorgan. "The past two weeks saw significant selling/profit taking with perhaps retail investors playing a bigger role than institutional investors," JPMorgan's Nikolaos Panigirtzoglou said in a note Thursday. "Indeed, not only have spot bitcoin ETFs seen outflows in April but our proxies of the retail impulse into equities have also downshifted over the past month." Panigirtzoglou noted that in addition to crypto, retail investors also sold equities in April and that the impulse into stocks has also shifted down. "This is shown by … the net flow into equity funds including ETFs and mutual funds, typically used by retail investors … [which] turned negative in April after strong buying in February and March," he said.
Persons: JPMorgan's Nikolaos Panigirtzoglou, Panigirtzoglou, cryptocurrencies Organizations: JPMorgan, Metrics, Investors, Federal
So the question I would ask you to ask yourselves is: Are your encampments and sacrifices — more than 1,000 protesters have been arrested so far, and unknown numbers have been suspended or expelled — actually helping Gazans? I’ve been strongly criticizing Israel’s conduct in Gaza since last fall, and President Biden’s unconditional support for the war. A thought: Humility is an essential tool in persuasion (not that I always get this right!). The challenge is to take an unflinching moral stance while acknowledging that one may eventually be proved wrong. Holding onto that contradiction curbs the tendency toward self-righteousness and the impulse to shout down others — both of which have persuaded exactly zero people ever.
Persons: , I’ve, Israel’s, Biden’s, don’t Organizations: Columbia Locations: Gaza, It’s, Rafah
CNN —When a Manhattan jury found movie mogul Harvey Weinstein guilty of sex crimes in 2020, the verdict seemed to herald a new era of accountability. I was not shocked by the reversal, nor do I view this as the demise of sex crimes prosecution. New York's highest court overturned his sex crimes conviction last week. Another important innovation is the use of sex crimes experts to educate the jury — and in high-profile cases, the public. Join us on Twitter and FacebookIn this post-#MeToo age of sex crimes prosecution, I have described sex crimes experts as a needed if partial corrective to the credibility discount.
Persons: Deborah Tuerkheimer, Harvey Weinstein, Deborah Tuerkheimer Eileen Molony, Weinstein, I’m, “ untruthful, Seth Wenig, , Weinstein hadn’t, Barbara Ziv, Ziv, ” Ziv Organizations: Northwestern University’s Pritzker School of Law, CNN, New, American Law Institute, of, Twitter, Facebook Locations: Manhattan, New York, California
Opinion | The Prevalence of Standing Ovations
  + stars: | 2024-04-30 | by ( ) www.nytimes.com   time to read: +1 min
),” by John McWhorter (Opinion, April 16):The currency of the standing ovation is indeed seriously debased. The impulse to stand up during the ovation following a performance may in some cases represent a kind of unconscious one-upmanship. I confess that although I invariably applaud performances, I usually “sit out” the competitive appreciation derby, and haul myself to my feet only if I feel particularly inspired. To the Editor:I admit that I’m often among the first to give a standing ovation. I always wondered why the holdouts would deny something so simple to these hardworking actors.
Persons: Wahoo, John McWhorter, , I’ve, David English Acton Locations: Mass
I'm a mom of three boys and our house is constantly being turned upside down by them. I know that when they are out of the house, I will miss the chaos and mess that came with them. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Related storiesBut as a mother, I know I'm not alone in doing it — most of my friends do it, too. AdvertisementWe have three young boys, so our house frequently gets turned upside down when they make dens and play with their friends.
Persons: I'm, , I've tidied, we've, Georgina Sturmer —, isn't, Sturmer, they've, we'd, I've, they'll Organizations: Service
Rob Scores and his wife, Julianne, had long had Puerto Rico on their dream vacation list. Here's how they were able to make their dream vacation a reality. When the friend wanted to move out, Julianne decided she didn't want to be a long-distance landlord and selling the home would be the best move. The couple decided to try to sell the jewelry — some necklaces and earrings — Julianne has had since she was a teen, Scores says. To their surprise, the jewelry scored the couple $729 they could put toward their Puerto Rico trip.
Persons: Rob Scores, Julianne, it's, — Julianne Organizations: CNBC, Google Locations: Puerto Rico, Austin , Texas, New York, Austin
Some budgeting apps work by auto-transferring money to your savings account. Financial therapist and podcast host Amanda Clayman said these apps make you disengaged from your money. Budgeting apps make it easier for you to transfer money into savings accounts without having to think about it. While some people credit budgeting apps as useful tools, they're far from the best way to save money in the long term, according to Amanda Clayman, a financial therapist and host of the Audible series "Emotional Investment." According to Clayman, apps that automatically move money to your savings account can be great for short-term goals like planning for an upcoming vacation.
Persons: Amanda Clayman, , Clayman, she's, Zers, millennials Organizations: Service, Business
“He knows what he’s not allowed to do, and he does it anyway.”Conroy was referring to Trump’s incessant testing of a gag order protecting witnesses, court staff and the jury. “Michael Cohen is a convicted liar and he’s got no credibility whatsoever,” Trump said in an interview with WPVI Philadelphia. Trump could face a ladder of escalating sanctionsProsecutors now want Merchan to fine Trump $1,000 for each of 10 alleged violations of the gag order and to warn that imprisonment could be an option if he continues to flout restrictions. Trump claims the gag order stifles his right to free speech and to campaign as a presumptive party nominee. And while a dispute over one partial gag order might seem like a small wrinkle in an individual case, it conveys a wider truth about Trump’s impact on American life.
Persons: Chris Conroy, Donald Trump, , he’s, ” Conroy, Michael Cohen, Stormy Daniels, Juan Merchan, Trump, “ Michael Cohen, ” Trump, CNN’s John Miller, “ Judge Merchan, , Jeffrey Swartz, Jim Sciutto, CNN Max, lacerating, Merchan, Elizabeth Williams, Todd Blanche, doesn’t, CNN’s Erin Burnett, , Jack Smith’s, there’s, , Joe Biden’s, Volodymyr Zelensky, Biden, mishandle, He’s, president’s, Trump’s, George Conway, ” Conway, CNN’s Burnett Organizations: CNN, GOP, The New, Trump, Philadelphia, Prosecutors, New York City Department of Corrections, Cooley Law, US, Trump Organization, Conservative Political, Conference, Biden Locations: The New York, Washington ,, Georgia
It's not necessarily that I'm spending less money, but I'm way more intentional about how I spend it. But my generation has to choose between these things; having fun in your 20s is harder now. Sandke said she wants to enjoy her 20s and she builds fun activities into her budget. My savings also go toward fun things I'm looking forward to in the near future. I want to look back on my 20s and feel I was responsible with my money and had fun.
Persons: , Emma Sandke, I've, It's, Sandke, Roth, I'm Organizations: Service, Business, Boston Locations: Boston
It's called "blackout shopping," and it's one of the worst things you can do if you're trying to save money, according to Kate Kaden, a YouTuber who gives advice on "frugal living." Living below your means is the best way to save money consistently, Kaden told Business Insider. AdvertisementOne of those is "blackout shopping," Kaden said, when we go out for something specific but get tempted into picking up impulse purchases around the store. Some of Kaden's most popular videos are about consistent ways to save money, things people should stop buying, and how to form a "frugal cocoon." "So shop for where you're really at and what you're going to do."
Persons: , It's, Kate Kaden, Kaden, you've, Gen Zers, millennials, decluttering Organizations: Service, Business, McKinsey, Federal, YouTube
He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. No one captured the massive cultural and economic disparities of my life in Delhi (and his in Lahore) like Toor. But quite unbeknown to me, Toor’s life in New York had opened up a new vein of material. Not everyone who sees a Michelangelo can go off and paint a Michelangelo.”THERE ARE SO many ways to begin.
Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, , Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, , ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, , ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, , Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, , Google, Sunday Times, Somerset, Yugoslavia, The, , . Locations: Delhi, , Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, , East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy
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